Sanders Associates

The decision removed a potential hurdle for Lockheed's $1.2-billion bid for Sanders, which produces electronic warfare equipment such as radar jammers. Loral Corp. had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. With the Loral offer out of the way, Lockheed appears to have a solid and defensible grip on Sanders.

Four major defense contractors have been targeted for federal prosecution, suspected of illegally acquiring secret documents from a Pentagon black market to aid them in seeking military business, congressional investigators said Wednesday. A report by the staff of Congress' Joint Economic Committee listed the companies as Boeing, General Dynamics, Martin Marietta and Sanders Associates. The report said that cases involving them had been referred to the U.S. attorney in Alexandria, Va.

Lockheed, which acquired Sanders Associates Inc. for $1.18 billion earlier this year, said it will consolidate Sanders' operations, eliminating 165 administrative jobs. Sanders, a defense electronics concern based in Nashua, N.H., will form the nucleus of Lockheed's new Electronics Group. The restructuring includes consolidating Sanders' corporate office, Federal Systems Group and Component Products Group. The combined operation will be based in Nashua, with Albert B. Wight as president.

Lockheed, which acquired Sanders Associates Inc. for $1.18 billion earlier this year, said it will consolidate Sanders' operations, eliminating 165 administrative jobs. Sanders, a defense electronics concern based in Nashua, N.H., will form the nucleus of Lockheed's new Electronics Group. The restructuring includes consolidating Sanders' corporate office, Federal Systems Group and Component Products Group. The combined operation will be based in Nashua, with Albert B. Wight as president.

Lockheed's $1.2-billion bid for Sanders Associates overcame a potential hurdle Monday when Loral Corp. announced that it was "discontinuing" its offer for Sanders. Loral had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. Bernard L.

Four major defense contractors have been targeted for federal prosecution, suspected of illegally acquiring secret documents from a Pentagon black market to aid them in seeking military business, congressional investigators said Wednesday. A report by the staff of Congress' Joint Economic Committee listed the companies as Boeing, General Dynamics, Martin Marietta and Sanders Associates. The report said that cases involving them had been referred to the U.S. attorney in Alexandria, Va.

Lockheed's $1.2-billion bid for Sanders Associates overcame a potential hurdle Monday when Loral Corp. announced that it was "discontinuing" its offer for Sanders. Loral had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. Bernard L.

The decision removed a potential hurdle for Lockheed's $1.2-billion bid for Sanders, which produces electronic warfare equipment such as radar jammers. Loral Corp. had made a hostile $50-per-share offer for Sanders before Lockheed topped the East Coast electronics firm last Wednesday with a $60-per-share bid. With the Loral offer out of the way, Lockheed appears to have a solid and defensible grip on Sanders.

Richard A. Reed, 55, executive vice president of Sanders Associates of Nashua, N.H., has been appointed president of Lockheed Electronics Co. of Plainfield, N.J. Both companies are subsidiaries of Lockheed Corp., Calabasas, and units of the corporation's Electronic Systems Group. Reed, who was also elected a Lockheed vice president, succeeds Peter A. Marino, who recently left the company to accept another position.